sentix ASR Essentials 45-2014
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30 November 2014
Posted in
sentix Weekly
Crude pessimism reaches historic extremes
The latest sentix survey underlines the extent to which the recent reversal in Crude Oil (now down 35% in the past six months) has undermined sentiment. The nearterm sentiment revival that emerged in mid-October has been reversed in the space of a week, with readings falling to historic lows. At the same time, investors have become less optimistic on the medium-term, more strategic outlook for Crude. While extended near-term pessimism chimes with indicators that suggest Crude is oversold near-term, recent moves appear to have undermined survey participants' more fundamental views on Oil.
